Dunia Finance to Issue MasterCard Credit Cards
UAE - Dunia Finance LLC, a financial services company today announced its collaboration with MasterCard Worldwide, a leader in advancing global commerce, to issue credit cards to its customers. Dunia Finance, more commonly known as "Dunia", was established through a strategic partnership between Fullerton Financial Holdings Pte Ltd (FFH), Mubadala Development Company PJSC (Mubadala), Waha Capital PJSC, and A.A. Al Moosa Enterprises LLC .
Dunia aims to provide world class experiences to its customers by offering contemporary finance solutions that meet the unique lifestyle needs of its customers. As part of the company's customer-centric approach, Dunia has identified credit cards as one of the key products to be made available to its customers as cards are used heavily in the UAE for day to day expenses and travel needs.
Dunia will launch a full range of MasterCard credit cards with customized benefits and features, all of which will cater to the diverse needs and aspirations of people living in the UAE. Dunia's credit cards will reward customers with exciting offers and unmatched convenience, together with world class and reliable services.
Rajeev Kakar, Executive Director & CEO of Dunia, highlighted the benefits of the collaboration between Dunia and MasterCard saying "We are delighted to collaborate with MasterCard for our exciting journey ahead in this highly discerning and demanding market place. While there are several credit cards in the UAE, the Dunia range of Platinum, Gold and Silver cards will be unique as they provide a host of benefits, multiple price points and a range of features that would be unmatched."
Denzil Lawson, General Manager, Middle East & Levant, MasterCard Worldwide said, "We are very pleased to be working with Dunia Finance. Dunia shares our commitment in offering cardholders differentiated payment products that appeal to their evolving lifestyle needs. We look forward to working closely with Dunia to develop innovative and flexible payment programs that deliver real value for cardholders."
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About Dunia Finance LLC
Dunia Finance LLC (Dunia) is an Abu Dhabi headquartered finance company in the UAE. The company was established through a strategic investment and alliance created by leading players - Fullerton Financial Holdings Pte Ltd (FFH) - a wholly owned subsidiary of Temasek Holdings in Singapore; Mubadala Development Company PJSC (Mubadala) - a business development and investment company wholly owned by the Government of Abu Dhabi; Waha Capital PJSC - a diversified investments holding company, based in Abu Dhabi and is listed on the Abu Dhabi Securities Exchange (ADX); and A.A. Al Moosa Enterprises LLC - one of the leading and prominent business groups in the UAE.
In line with its consumer financial services business, Dunia aims to focus nationally on the mass affluent and mass market segments and on its Business Finance side, focus on the SME market segment. Dunia aims through its nationwide presence in the UAE to provide a fully-functional product range, including secured and unsecured loans, credit cards and financial planning services, as well as deposits for non-individual customers.
Dunia is unique in its use of a customer-centric approach that aims to deliver a differentiated, yet relevant and unique value proposition that caters to the expectations of its clients in the UAE through products that are convenient, and experiential. These products and services will be delivered sustainably to customers, through state-of-the-art technology and processes supported through the Company's partnerships with service providers who excel in their individual areas of expertise. Dunia is led by a senior management team comprising of talented and seasoned business leaders with a wealth of global experience.
Dunia means 'the world' in Arabic and in several other languages spoken in the UAE, symbolizing the Company's aim to offer its customers a "world of opportunities". For more information about Dunia, please visit www.dunia.ae
About MasterCard Worldwide
MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes over 18 billion transactions each year, and provides industry-leading analysis and consulting services to financial institution customers and merchants. Through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercard.com.
For more information, please contact:
Mariam Elsamny
Marketing & Product Head
Tel: +9714 4256 700
Dir: +9714 4256 830
Email: mariamelsamny@dunia.ae
© Press Release 2009
